2016 Market Melt Off, Hooray! : Small Time Blog

« Smalltime Model... | Main | Interest Rates Are... »

2016 Market Melt Off, Hooray!

by Bradley Voight on 01/27/16

The new year has brought on massive profit taking in the broader market! After climbing the 8 year wall of Obama worry, large institutions are cashing in for the next phase of the economic expansion or China is having an asteroid sized hard landing and we are all doomed! I have stated on here before that I am an optimist, even though I could get burned for my tendency to look for the good, so I am sticking by my view that this is an economic expansion that is not over in the US or China or India for that matter. I am staying with and even expanding positions in the Smalltime Model Portfolio. I have branched out to my first international fund in my IRA. 


Pessimism is rampant in the marketplace and the Fed is sticking by the December decision to raise the federal funds rate by 25 basis points (rising rates usually mean economy is good). How could the central bank be so wrong and Wall Street so right? The commodity pitfall seems to have leveled off with oil regaining the $30 handle and Copper stabilizing above $2. Long term rates are falling with the 10 year US treasury cliff hanging at 2% (a function of the demographic trend of aging baby boomers)

I'm staying with my notion that the economy in the US continues to expand. Alcoa CEO Klaus Kleinfeld stated in the companies' recent quarterly earnings call that 2016 would bring record aluminum demand. How is that when everyone keeps saying the sky is falling? Over 17 million vehicles were sold in the US last year, a new record. Who bought them? Who in the hell are all the people stuck in rush hour? I always say that the glass is half full for me and it is going to stay that way until some knocks it from my hand and spills it.


Comments (0)


Leave a comment


« Smalltime Model... | Main | Interest Rates Are... »
Disclaimer: This is not investment advice as I am neither licensed nor qualified to advise anyone's financial decisions. It is a site presenting an "out of the box" set of ideas on how to possibly maximize profit from recycling, creating an incentive for people to recycle. Smalltimerecycling.com and I Brad Voight are not responsible for any losses incurred from tips or suggestions presented on Smalltimrecycling.com, they are simply my own opinions and I encourage you to form your own opinions.
Also, the Smalltime Blog is not intended to be journalism. It is my own personal commentary on market factors, conditions, and events and other commentary relative to the content on Smalltimerecycling.com and is by no means meant to convey news or provide coverage of any news event.
Small Time Recycling's Mission Statement

Our primary mission is to reclaim valuable recyclables from the waste stream and bring attention to the wastefulness of America. Currently we are recycling metals and e-waste. The Smalltime Blog is a non political commentary on metal, stock, currency and other markets. The Smalltime Blog is also where the hard lessons of a self taught investor are discussed.
ReUseIt.com
​$1 billion+ worth of aluminum cans trashed each year in America. 
That's $19 billion thrown away this century!

Fill out the form below and describe the metal items you want removed and their location